Question

rate positively ..

 Year 1 2 3 Distribution 37500 7500 45000 Preferred stock 15000 7500 22500 Common stock 22500 0 22500 Number of share Preferred stock 15000 15000 15000 Common stock 50000 50000 50000 Dividend per share Preferred stock \$     1.00 \$      0.50 \$     1.50 Common stock \$     0.45 \$          - \$     0.45 Ans is year Preferred stock Common stock 1 \$     1.00 \$     0.45 2 \$     0.50 0 3 \$     1.50 \$     0.45

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